The Qualified Opportunity Fund (QOF) is a new type of investment which originated from the Tax Cuts and Job Act of 2017 (TCJA).

It created new “Zones” or designations of economically distressed communities, where certain new investments (“Funds”) maybe eligible for federal capital gain tax deferral. These Qualified Opportunity Funds (QOF) are being set up to promote investment and economic development of low-income communities across the United States.